Merchants Bank of Indiana
Overview / Commentary
Merchants Bank of Indiana is headquartered in Carmel and is the 7th largest bank in the state of Indiana. It is also the 276th largest bank in the nation. It was established in 1923 and as of September of 2018, it had grown to 221 employees at 5 locations. Merchants Bank of Indiana has an A+ health rating.
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Health
A+
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8056 |
| Year Established | 1923 |
| Employees | 221 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.95% |
| Return on Equity - YTD | 16.3% |
| Annual Interest Income | $99.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $3.76B$3.24B |
| Loans | Q3 2018vs Q3 2017 | $2.87B$2.06B |
| Deposits | Q3 2018vs Q3 2017 | $3.27B$2.90B |
| Equity Capital | Q3 2018vs Q3 2017 | $462.6MM$291.8MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $11.1MM$7.5MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $1.3MM$2.6MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $0$0 |
Rates
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Locations
| Merchants Bank of Indiana Locations | ||
|---|---|---|
| Indianapolis Bank Branch | 3737 East 96th Street | Indianapolis, IN 46240 |
| Spartanburg Branch | 6880 South Arba Pike | Lynn, IN 47355 |
| Merchants Bank Of Indiana | 11555 N. Meridian Street, Suite 400 | Carmel, IN 46032 |
| Merchants Bank Of Indiana Carmel Office Branch | 11590 North Meridian Street | Carmel, IN 46032 |
| Lynn Branch | 7375 South Us Highway 27 | Lynn, IN 47355 |